Evening Edition | Friday, September 30, 2022
In tonight’s Evening Edition, read about the lawsuit against Syngenta and Corteva, climate change in the farm bill, markets analysis, and top stories from this week.
Syngenta and Corteva Lawsuit
Two of the largest pesticide makers in the world, Syngenta and Corteva, illegally paid distributors to limit their business with competitors that made cheaper generic versions of their chemicals, so they could charge inflated prices to farmers, alleged the Federal Trade Commission and 10 state attorneys general in a lawsuit on Thursday.
“These unlawful practices have cost farmers many millions of dollars a year,” said the complaint filed in U.S. district court in Greensboro, North Carolina.
Read on to learn what the lawsuit entails and which other states' attorneys general are behind it.
Farm Bill Debate
Congress allocated nearly $20 billion for USDA land stewardship programs in the climate, healthcare and tax bill that was enacted in August — historic investments, said Jonathan Coppess, an assistant professor at the University of Illinois, on Thursday.
The funding could lead to a rare focus on climate change and the agriculture sector, though he said that was not assured.
Read about the history of conservation stewardship in past farm bills and what current opposition says.
Bryan Doherty with Total Farm Marketing writes, "Commodity prices have held up during this time, recently seeing a significant drawdown the last two weeks, suggesting that rebalancing is underway as we approach the end of the quarter."
"The takeaway for you as a producer is to recognize that commodity prices are high from a historical perspective. If you’re not sold enough into harvest, you may want to get more aggressive."
Find out what Doherty recommends in order to achieve much-needed peace of mind during this volatile time in the markets.
- READ MORE: Be prepared for rebalancing
Top Stories This Week
Anne Schwagerl would love to purchase an interseeder, a machine that plants cover crop seeds directly into a field where another crop like soybeans is already growing. But she and her husband, who grow a variety of grains on 400 acres in western Minnesota, can’t afford the $80,000 price tag.
So she was happy when the state legislature recently approved a cost-share program to help farmers to purchase such equipment.
Last winter, Van Mansheim of Colome, South Dakota, fed his 450-head beef herd without starting his tractor.
Mansheim runs ManBull Farming with his nephew, Heath Bullington.
They use bale grazing – the practice of arranging hay bales on a grid and allowing cattle access to a few bales at a time – to improve their soil, save money, and make their lives easier while feeding cattle in the winter.